BAD FOR BONDS. BAD FOR GAS PRICES. BAD FOR INFLATION.
GOOD FOR BIG OIL COMPANIES. GOOD FOR GOLD BUGS...
THE BERNANKE DEVALUATION OF THE DOLLAR WILL BE HIGHLY INFLATIONARY AND WILL CAUSE THE BOND MARKET TO "RAISE RATES" EVEN IF THE FED WON'T.
THE FED IS SO AFRAID OF WALL STREET...THAT IT CAN NOT SEE THE TRAP IT HAS FALLEN INTO...
THAT SAID, THE STREET SHILLS AND TOUTS ARE DETERMINED TO TWIST ANYTHING BERNANKE SAYS INTO SOME KIND OF "RALLY."
ADDITIONALLY, IF THE FED IS TRYING TO "SAVE THE REAL ESTATE BUBBLE" THEY WILL HAVE THE SAME TROUBLE THAT GREENSPAN HAD WHEN HE TRIED TO SAVE THE INTERNET BUBBLE...
ONLY NOW THE US IS MIRED IN EXPENSIVE WARS AND DEFICITS AS FAR AS THE EYE CAN SEE...
ANY STOCK RALLY IS A RALLY FOR DEVALUING THE US DOLLAR...WHICH MIGHT BE A "GOOD THING" AND A NECESSARY RESULT...BUT IT SURELY WILL ALSO BE HIGHLY INFLATIONARY...
LET THE FOOLS RALLY ON... THE NEXT RATE HIKE IS COMING...
AND THE NEXT...AND THE NEXT...AND THE NEXT.
BECAUSE IF THE FED WON'T DO IT'S JOB...THE BOND AND CURRENCY MARKETS WILL DO IT FOR THEM.
